| Product Code: ETC5117406 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In the Serbia electric water heater market, import trends showed a notable increase with a growth rate of 20.31% from 2023 to 2024. The compound annual growth rate (CAGR) for the period 2020-2024 was recorded at 7.78%. This surge in imports can be attributed to the rising demand for energy-efficient appliances and shifts in consumer preferences towards advanced technologies.
The Electric Water Heater market in Serbia is projected to grow at a high growth rate of 11.66% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Serbia Electric Water Heater Market Overview |
3.1 Serbia Country Macro Economic Indicators |
3.2 Serbia Electric Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Serbia Electric Water Heater Market - Industry Life Cycle |
3.4 Serbia Electric Water Heater Market - Porter's Five Forces |
3.5 Serbia Electric Water Heater Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Serbia Electric Water Heater Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Serbia Electric Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization in Serbia leading to higher demand for modern amenities like electric water heaters |
4.2.2 Growing awareness about energy efficiency and the environmental impact of traditional heating methods |
4.2.3 Government initiatives promoting the adoption of energy-efficient appliances in households |
4.3 Market Restraints |
4.3.1 High initial cost of electric water heaters compared to traditional heating methods |
4.3.2 Limited availability of skilled technicians for installation and maintenance |
4.3.3 Fluctuating electricity prices impacting the operational cost of electric water heaters |
5 Serbia Electric Water Heater Market Trends |
6 Serbia Electric Water Heater Market Segmentations |
6.1 Serbia Electric Water Heater Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Serbia Electric Water Heater Market Revenues & Volume, By Tankless Water Heater, 2021-2031F |
6.1.3 Serbia Electric Water Heater Market Revenues & Volume, By Storage Water Heater, 2021-2031F |
6.2 Serbia Electric Water Heater Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Serbia Electric Water Heater Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Serbia Electric Water Heater Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Serbia Electric Water Heater Market Revenues & Volume, By Industrial, 2021-2031F |
7 Serbia Electric Water Heater Market Import-Export Trade Statistics |
7.1 Serbia Electric Water Heater Market Export to Major Countries |
7.2 Serbia Electric Water Heater Market Imports from Major Countries |
8 Serbia Electric Water Heater Market Key Performance Indicators |
8.1 Energy efficiency rating of electric water heaters in the market |
8.2 Percentage of households in Serbia using electric water heaters |
8.3 Adoption rate of smart electric water heaters with IoT capabilities |
8.4 Average lifespan of electric water heaters in households |
8.5 Number of new product innovations in the electric water heater market |
9 Serbia Electric Water Heater Market - Opportunity Assessment |
9.1 Serbia Electric Water Heater Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Serbia Electric Water Heater Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Serbia Electric Water Heater Market - Competitive Landscape |
10.1 Serbia Electric Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Serbia Electric Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |